A machine with a cost of $148,000 and accumulated depreciation of $103,000 is sold for $59,000 cash. The amount that should be reported as a source of cash under cash flows from investing activities is: Multiple Choicea. Zero. b. This is a financing activity. c. $59,000. d. $14,000. e. This is an operating activity. f. $45,000.
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Home » Business » A machine with a cost of $148,000 and accumulated depreciation of $103,000 is sold for $59,000 cash. The amount that should be reported as a source of cash under cash flows from investing activities is: Multiple Choicea. Zero. b.